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Venture Capital News: Accelergen Energy Nabs $20M Bridge Funding

2024-12-19
AUSTIN, TX, Accelergen Energy has secured $20 million in bridge funding from Overlay Capital.
Accelergen Energy, a greenfield developer of utility-scale battery energy storage systems (BESS), and hybrid solar storage systems, has secured $20 million in bridge funding from Overlay Capital. This loan facility will support grid interconnection deposits critical to advancing Accelergen's growing development portfolio, which includes over 2.6 gigawatts (GW) of BESS and hybrid solar storage projects across 13 projects in six states within the Western Electricity Coordinating Council (WECC) and Southwest Power Pool (SPP) territories.

Accelergen Energy is a greenfield developer of utility-scale battery energy storage systems (BESS), and hybrid solar storage systems. The company is dedicated to advancing the transition to zero-carbon power generation by delivering sustainable, high-quality projects that benefit local communities and long-term investors. Accelergen's innovative, analytics-driven approach ensures its projects are strategically positioned to meet evolving grid demands while contributing to a cleaner, more sustainable energy future.
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